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QUESTION
An amount of $ 100,000,000 was borrowed at a discount rate of 7% and invested in a wind project. The loan has to be settled in 10 years through...
An amount of $ 100,000,000 was borrowed at a discount rate of 7% and invested in a wind project. The loan has to be settled in 10 years through uniform quarterly repayments. Calculate the total interest to be paid.
